What Is Deposit Insurance? Amidst a wave of bank failures in 2023, Americans should take comfort in the fact that there’s an entire government agency whose ...

The FDIC insurance limit of $250,000 includes principal and interest. If you deposit $250,000, and it earns $4,000 in interest, you are insured for only $250,000 if your bank fails.

FDIC insurance covers up to $250,000 on individual deposit accounts in the event that the bank fails. That’s why many people prefer to keep their bank account balances under $250,000.

FDIC is insurance provided by the federal government that protects deposits in U.S. banks up to $250,000. Here’s how it works.

Most of us have insurance on our homes or cars. But many people only realized the importance of deposit insurance after a couple of high-profile bank failures in 2023 – Silicon Valley Bank, Signature ...

Read more about how the Cash Sweep program works. The FDIC insurance also covers the money normally, up to $250,000 per customer, per bank.

The Federal Deposit Insurance Corp. has launched a campaign meant to drive awareness of FDIC insurance in the wake of bank failures this spring and the emergence of imitation banks in recent years.

The NCUA offers deposit insurance that's similar to FDIC insurance. Like the FDIC, the NCUA offers coverage of up to $250,000 per depositor, per credit union, per ownership category.